AVZ Discussion 2022

[Winenut]

The issue is vapour. Let. it. go. mate.

I don't think it's vapour

And I'm not trying to be a pain in the ass

But the questions remain until it's absolutely clarified who owns that 15% from Cominiere that AVZ says it has the pre-emptive rights over??

And chuck in the shitty mud thrown on the Dathomir 15%

For me I need the AVZ announcements, confirmation from the DRC courts, confirmation from the DRC Govt, confirmation from Felix, minutes or something of substance from Dathomir and Dathcom board meetings and a retraction or something similar from Zijin, maybe some official documents supporting relavant transactions and agreements for decent measure....and to really make me feel good an announcement from CATH that confirms it agrees with the likely legal existence of the holy fkn trinity (AVZ 66%, CATH 24%, DRC10%)

It's a complete head fuck to be honest and I'm a LTH

But having been in business, dealt with legals, dealt with boards, dotted the i's and crossed the fucking t's I know there are no guarantees unless these matters are wound up, screwed down and tight as a fishes fkn arse

Again I am hopeful for a positive outcome for AVZ and the DRC in these matters...I really am

We'll find out something more tomorrow and take it from there I guess

Cheers
Nut

 

[Samus]

Well said Winenut completely agree.
This is a big power play, nothing set in stone yet.

Further to that perhaps some should outline their own views instead of misinterpreting or taking some form of offence to the views of others and getting all uptight.
Beats dictating vaguely threatening one liners like some HC chump.

 

[Remark]

I don't think it's vapour

And I'm not trying to be a pain in the ass

But the questions remain until it's absolutely clarified who owns that 15% from Cominiere that AVZ says it has the pre-emptive rights over??

And chuck in the shitty mud thrown on the Dathomir 15%

For me I need the AVZ announcements, confirmation from the DRC courts, confirmation from the DRC Govt, confirmation from Felix, minutes or something of substance from Dathomir and Dathcom board meetings and a retraction or something similar from Zijin, maybe some official documents supporting relavant transactions and agreements for decent measure....and to really make me feel good an announcement from CATH that confirms it agrees with the likely legal existence of the holy fkn trinity (AVZ 66%, CATH 24%, DRC10%)

It's a complete head fuck to be honest and I'm a LTH

But having been in business, dealt with legals, dealt with boards, dotted the i's and crossed the fucking t's I know there are no guarantees unless these matters are wound up, screwed down and tight as a fishes fkn arse

Again I am hopeful for a positive outcome for AVZ and the DRC in these matters...I really am

We'll find out something more tomorrow and take it from there I guess

Cheers
Nut

Again, well said Winenut, I fully back your opinion on this matter. Looks like for now we wait. GLTA all LTHs.

 

[Mr Inappropriate]

Exactly, I'm not saying I'm a big fan of it either but maybe we can turn it to our advantage? AVZ has GOOD LEGAL TITLE so:

Hey Zin and Jin, we take you through the courts and you end up with absolute zero and some legal fees, loss of faith from DRC government, bad press and maybe even some jail time for some dodgy people.

Or: You pay a large amount of money for 5-10% ownership, you finance AVZ's share for a very good interest rate and build the mine. And maybe we don't take this to court... Now here is a 5000 page nuclear weapon proof contract you must sign within 10 days...

Not saying its possible but if it is you make them pay for the privilege of not going to prison.

I don’t think “we” take them to court. I think AVZ’s role is to to seek clarification on the ownership from the DRC. if it’s as we hope/expect, we sit back and watch.

I think we are only taking legal action if and when the DRC confirm the sale of % to Z.

 

[Schnitzelfresser]

Yes, in a few hours we are a little more wiser. Hopefully some good news after a trading halt without any additional and arguable informations. We all deserve that.

I hope for ML and an official statement of the ownership. As my top poster wrote the DRC should bring this to court but we should start to bring this baby to production. Waiting for a court case takes too much time.

 

[wombat74]

"@acajasbl
denounces the "selling off of the mining assets of the State company COMINIERE SA relating to the Manono Lithium deposits and asks the Government to demand the revisitation of the Joint-Venture DATHCOM contract".

And the DRC Government responds : NO THERE WILL BE NO REVISITATION .
#DRC The
@MinMinesRDC
Antoinette N'samba
@anskalambayi
had signed a ministerial order awarding the mining permit for the Manono lithium and tin project to the company
@AvzMinerals


.

 

[Tunedin]

Good morning fellow LTH’s. Let’s hope we get news that brings back a little positivity in our outlook today. I’m a tad frayed by all the BS that’s been thrown left, right and centre at AVZ by the constant and unrelenting attacks on our jewel of a company. The sheer weight of it has been astounding. Regarding AVZ’s response… they are doing so through offical channels of release. At face value AVZ’s responses don‘t seem to carry the same weight as the endless barrage of online trolls on the crapper and twitter for days on end. The trolls flooding social media know that. Best not to confuse quantity with quality.

That presentation slide released last night was a class act in my opinion. Let’s see what they release this morning.

 

[ptlas]

Just spent an hour reading intelligent well reasoned opinions - some of which I share, some not.
Not an insult or smart rs comment in sight. Wonderful.
What is apparent to me is that Z are using a well established playbook and have spent a not inconsiderable amount of time, effort and money on creating this situation.
They will have a plan A , B etc
Consequently , I do not expect this 'problem ' to go away / be resolved any time soon.
What this does to SP or even mine development I have no opinion of as this is all uncharted territory.

 

[CHB]

I don't think it's vapour

And I'm not trying to be a pain in the ass

But the questions remain until it's absolutely clarified who owns that 15% from Cominiere that AVZ says it has the pre-emptive rights over??

And chuck in the shitty mud thrown on the Dathomir 15%

For me I need the AVZ announcements, confirmation from the DRC courts, confirmation from the DRC Govt, confirmation from Felix, minutes or something of substance from Dathomir and Dathcom board meetings and a retraction or something similar from Zijin, maybe some official documents supporting relavant transactions and agreements for decent measure....and to really make me feel good an announcement from CATH that confirms it agrees with the likely legal existence of the holy fkn trinity (AVZ 66%, CATH 24%, DRC10%)

It's a complete head fuck to be honest and I'm a LTH

But having been in business, dealt with legals, dealt with boards, dotted the i's and crossed the fucking t's I know there are no guarantees unless these matters are wound up, screwed down and tight as a fishes fkn arse

Again I am hopeful for a positive outcome for AVZ and the DRC in these matters...I really am

We'll find out something more tomorrow and take it from there I guess

Cheers
Nut

Agree with this

The Chinese are ruthless, it's better to undergo it now while Felix is still in power. Can you imagine going through this if he doesn't win the election again?

For me, AVZ doesn't have the cash, time or experience to take the fight to zijin. We really need DRC investigation to rule in our favour.

Can you imagine a big mining company facing these claims and taking it laying down? We unfortunately have to imo. They'd probably send all the lawyers and take the other party to court.

When this is all done and dusted and if we come through with the absolute ownership, for me the next risk hurdle is the 2023 elections.

I wonder how much the Chinese will influence it....

 

[Sammy_da_Smile]

It looks like scrambled eggs, in fact, my head is scrambled eggs, I will leave it up to Nige to " spreche die English " tomorrow.

Good luck all for a positive result.

Going to watch Master chef.................lol

Was a bit hard to understand, especially with all the stamps on it lol

 

[Sammy_da_Smile]

So for future ref if someone puts up a picture in another language

In Windows
1. Right click on image in Browser and search web for the image.
2. Now Copy text displayed (in this case French) in to Google Translate to convert to English

Thanks Free! Android user mostly, much appreciate the translations of late. Very interesting developments.

 

[BRICK]

I guess we find out this morning.

If the DRC have been screwed or had trouble with china previously then i doubt they will want to go back through this again. Courts are courts but this is political.

Also, really, they need to get a project going to give other investors and the market a level of comfort for future investment. So to delay even more is just increasing risk etc.

Unless PRC just throw a shitload of cash at them?

Which as we know theres plenty of bloody proof of that, but the good thing about Africa is that the China experience has had mixed results of imported labour, imported materials etc on these projects, so even though they get the investment, it doesnt always work out well for the locals!


Looking at that video of the camp uploaded yesterday, it looks like an awesome place to work - built in locally sourced materials etc.

 

[Dazmac66]

So did the tough guy and put up with pain in the middle of my back for 5 days. Now in hospital with undiagnosed covid which has caused major clots in both lungs and killed parts of my lungs. Get to the doctor early guys
Due some good news today good luck everyone.

 

[Sammy_da_Smile]

It's pretty crazy really? If there was an issue with the FS why not highlight it sooner??? Last ditch effort as some have been saying?

Pretty crazy to be honest and I feel for the Congo people and I really did think this project would benefit them. Hoping for the best, for us, and for them

 

[Sammy_da_Smile]

So did the tough guy and put up with pain in the middle of my back for 5 days. Now in hospital with undiagnosed covid which has caused major clots in both lungs and killed parts of my lungs. Get to the doctor early guys
Due some good news today good luck everyone.

Sorry to hear that Daz. Rest up and get better soon mate wishing you all the best

 

[Doc]

So, where I don’t think the Zijin 15% will be sorted today my absolute priority is the 75% AVZ ownership. The zijin crap can be sorted later but we MUST have the 51% after the CATH deal. If we don’t get the extra 15% it’s not the end of the world IMO.
Hopefully it’s just a matter of pulling up DRC official docs of 75% ownership and we can progress this mine

 

[Doc]

I guess we find out this morning.

If the DRC have been screwed or had trouble with china previously then i doubt they will want to go back through this again. Courts are courts but this is political.

Also, really, they need to get a project going to give other investors and the market a level of comfort for future investment. So to delay even more is just increasing risk etc.

Unless PRC just throw a shitload of cash at them?

Which as we know theres plenty of bloody proof of that, but the good thing about Africa is that the China experience has had mixed results of imported labour, imported materials etc on these projects, so even though they get the investment, it doesnt always work out well for the locals!


Looking at that video of the camp uploaded yesterday, it looks like an awesome place to work - built in locally sourced materials etc.

Hi mate, what video are you referring too please?

 

[BRICK]

Apologies!

It is from 2020 but you get what i mean!

 

[Winenut]

So did the tough guy and put up with pain in the middle of my back for 5 days. Now in hospital with undiagnosed covid which has caused major clots in both lungs and killed parts of my lungs. Get to the doctor early guys
Due some good news today good luck everyone.

Look after youself and rest up Daz

Hope you're on the comeback trail real soon

Cheers
Nut

 

[Retrobyte]

Not getting much work done this morning - constantly hitting refresh on the AVZ announcements page at the ASX website